U10 Reports Consolidated Earnings Results for the First Half of 2016
September 13, 2016
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U10 reported consolidated earnings results for the first half of 2016. For the period, the company reported net sales of EUR 99,683,000 against EUR 113,477,000 a year ago. Current operating income before provisions and depreciation was EUR 5,555,000 against EUR 4,619,000 a year ago. Current operating income was EUR 5,034,000 against EUR 4,108,000 a year ago. Consolidated net income was EUR 2,723,000 against EUR 246,000 a year ago. Net income attributable to the Group was EUR 2,454,000 against EUR 2,088,000 a year ago.
Since 1994, U10 Corp has been a BtoB supplier of home furnishings, delivering to its customers' points of sale in more than 50 countries.
In Europe, U10 Corp is a permanent supplier to the retail sector, mainly for household linen, pet supplies, bathroom accessories, household and storage accessories. Through its "Douceur d'intérieur", "Love Story" and "Homéa" brands, the collection represents 20,000 items in 15 universes delivered to over 5,000 addresses throughout the year.
Through its Asia division, U10 Corp organizes, monitors and controls production and product quality for its own imports and for its customers.
Overall, more than 300 employees, a 45-strong sales force, a portfolio of services focused on customer needs and performance, demanding logistics and supply chain management, and a product offering tailored to demand are the essential attributes of U10 Corp to meet these needs.